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- - Irish mess (http://forums.sv650.org/showthread.php?t=160014)

Quote:

Originally Posted by eviltwin (Post 2426999)

Some multinationals have a base there eg HP & Intel, due to a corporation tax that's low for Europe (if Ireland raises this, it can wave these companies off to China and India).

In terms of what Britain exports to Ireland, news reports today mentioned £3,607 per person, per year in Ireland as the figure spent on British goods

Ireland did say that they wouldn't be rasing that tax.

Now that UK don't produce goods anywhere near what we used too, that we sold off well most things, what happens next time when there is no money and nothing left to sell?

Quote:

Originally Posted by metalmonkey (Post 2427041)

it is belive that a proviso on getting the money from imf is that they raise corp tax more inline with the rest of europe (according to bbc)

The UK has a vested interest in keeping the Irish banking system alive; for example, there's an Irish bank that issues notes in Sterling.

Doesn't seem to me to be in anyone's interest for trading partners to go bust. Tough times ahead for our Irish friends, though.

Quote:

Originally Posted by davepreston (Post 2427043)

it is belive that a proviso on getting the money from imf is that they raise corp tax more inline with the rest of europe (according to bbc)

Ah okay the news reported earlier that they wanted to keep tax at the same levels, probally changed ect.

Quote:

Originally Posted by davepreston (Post 2427032)

as for the q would ni go under too, simply no , tbh ni would be in great times for a few years as prises down south would drop like a brick and everyone would nip over the boarder to get the cheap stuff, but this wouldnt overly effect the ni ecomony as its a export driven one (to far east and china) boats industrial goods etc

Quote:

Originally Posted by BBC News

The Northern Ireland economy would certainly be ducking for cover. It is estimated that around 40% of exports from the North go south.

I cant help but think you are wrong there dp. The NI economy is heavily reliant on the Southern economy and would be in for dire straits indeed if things across the boarder collapsed. Also, the last thing NI needs is it's populace nipping across the boarder for cheap stuff as that would hammer domestic demand... the bread and butter for any modern economy.

Quote:

Originally Posted by husky03 (Post 2426862)

your bang on BB- i can remember everynight at about half nine , ten o'clock the skyline in the clydevalley used to be lit up in an orange glow due to the Ravenscraig steelworks opening up the furnace type thing-what happened-just as you said , cheap imported steel resulted in the place being shut down and thousands out of work-not only the steelworkers but all the wee shops and businesses that relied on the tradesmen - still there's houses and a regeneration programme on the go-its only taken the best part of 15-20 years-i think there's a major recession to come that will make the last one seem like a blip on the radar.

+1 to what you and BB said. Maggie started the rot I think by removing the high import tariffs on cheap imports of clothing. That killed off our clothing industry in one fell swoop. The same probably goes for a lot of the other tariffs that once protected our home industries.

You only have to look at the strong european countries like Germany which still have a strong home production capacity.

All the ships that arrive from China bring loads, but take nothing but empty containers. Its the same in the USA

Bluy Blitish